Filing Flows › iHeartMedia (IHRT) › Q3 2025
iHeartMedia (IHRT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
iHeartMedia (IHRT) reported revenue of $997M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +7% from the quarter before. Operating margin was -11.7%, net loss $65.8M (6.6% of revenue).
iHeartMedia, Q3 2025: revenue $997M (-1% year over year), operating margin -11.7%, net loss $65.8M, operating cash flow −$9.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $997M | +7% | -1% |
| Operating profit | −$116M | -429% | — |
| Net earnings | −$65.8M | — | — |
| Operating cash flow | −$9.5M | -240% | — |
What changed
Revenue was $997.0M in Q3 2025, down 1% year over year and up 7% from the previous quarter. Broadcast Radio was the largest line at 43% of revenue. Audio and Media Services lost $23.5M year over year (down 26%), 211% of the total change.
Operating costs exceeded revenue by $116.3M, an operating margin of -11.7%. Total costs grew 20% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+36%). The quarter ended with a net loss of $65.8M, narrower than the previous quarter's $84.0M loss. Net interest and other expense of $115.1M was the main reason.
Operating cash flow was −$9.5M. Non-cash charges added back $90.1M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $37.8M. Capital expenditures of $23.3M exceeded it, leaving free cash flow of −$32.8M.
Questions
What was iHeartMedia's revenue in the third quarter 2025?
iHeartMedia (IHRT) reported revenue of $997M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +7% from the quarter before.
Was iHeartMedia profitable in the third quarter 2025?
Operating loss was $116M (-11.7% of revenue) and net loss $65.8M.
Source: iHeartMedia 10-Q on SEC EDGAR.